Why I Will Never Forego My Private Health Cover

Private health cover = my peace of mind

So, the private health cover premiums are set to go up on April 1 with an average increase of 5.6% and there’s been a bit of noise about it and whether or not having private health cover is worth it.

Well, from my personal experience, I’d have to say a huge YES, it’s most certainly been worth it for us.

Having a family health insurance policy is peace of mind for me. Yes, we are a very healthy family but guess what? Unexpected things have still happened to us, things that I’m so very glad we didn’t have to sit on a waiting list while we grew sicker and sicker, while stress and emotions increased and while our sons development fell behind.

I think in the past 4 years I can count at least four occasions we’ve used our private health cover for hospital visits.  There’s no way our expenses would have been covered if we were to simply save the same amount each month and I’m not prepared to take that risk, even if we are healthy.

Elliott’s severe croup

I’ll never forget the night, Elliott was only a baby and he went downhill very quickly. His cold quickly turned into croup which then turned into a situation where he couldn’t breathe properly. You can just imagine how worried Mr. G and I were.

Why I Will Never Forego My Private Health Cover
We rushed him to the local public hospital emergency ward where they were awesome and had him looked at straight away. It was obvious though that he needed to be monitored overnight, the problem was, they didn’t have any beds. They asked if we were private and as soon as we said yes, they were on the phone to the local private hospital and had arranged a bed for Elliott.

Elliott was admitted for two nights and we were able to stay with him. What a relief. I’m not sure what would have happened if we did not have the private health cover. Perhaps we would have been sent to another hospital 45 minutes away while our baby was really sick, perhaps we would have just had to wait in emergency? Who knows.

Elliott’s adenoid and grommet surgery

Elliott’s croup was just the start of ongoing issues the poor little might had. He got croup and chest infections a lot more than normal. It was at this point I knew something was wrong and had him checked. It turned out that he had ear problems and due to this, mild hearing loss. No wonder the tantrums!!! It was discovered he’d need surgery to remove his adenoids and insert grommets.

Why I Will Never Forego My Private Health Cover
Because we had private health cover, Elliott was booked in for surgery within a week. Yet, I heard of a child who needed the same surgery and had to wait for 6 months on the public waiting list. It affected this little girl’s development so much they had to borrow money from their parents to go private. I just couldn’t imagine letting Elliott wait that long, constantly getting sick in the meantime and not being able to hear and communicate properly.

My first miscarriage

And then there was my first miscarriage. The emotions that ran through me that day are still raw, I clearly remember thinking to myself, “so what happens now, my body doesn’t know it’s miscarried, do I wait, what’s going to happen?” I was scared, I didn’t know what was going to happen or when. My obstetrician called and said she could get me in the next day for a curette. To be honest, it was a small relief because I was dead scared to sit and wait for my body to do what it needed to. This is one situation where I was so relieved to have private health cover for this particular surgery. If I didn’t have it, would I have had to wait? The thought of it still makes me feel sick.

Unexpected situations

So, you can see that these three situations were all very much unexpected, things you just can’t foresee. And that’s what I believe insurance is for, to mitigate the risk of things you can’t foresee.

I don’t doubt that public hospitals couldn’t do these surgeries just as well, but the fact is, for all of these situations, the public system wouldn’t have been available to us when we needed it. We would have had to wait and it would have been horrible, both Elliott and I would have suffered both physically, emotionally and Elliott, developmentally. I especially didn’t want Elliott to suffer, he is my number one priority.

How we afford private health cover

I totally get that private health cover is out of the reach of many, I myself am not happy at how much private health cover is going up, but I also believe there are ways many can afford it which is why I put together 25 ways you can fit private health cover into your home budget.

Compare the Market have also highlighted how a simple switch to things like a new home and contents insurance cover or health insurance cover can actually save you more money than sacrificing the things you love in order to afford private health cover. Check out the comparisons here before you give up your beloved Netflix and morning coffee!

For our family to be able to afford private health cover, we’ve certainly followed some of these tips.

Have you considered ditching your private health cover due to the rising costs? 

 

This post was a collaboration between Compare The Market and The Multitasking Woman as per my Disclosure Policy.

Eva Lewis (The Multitasking Woman)

Eva is the Editor and Owner of The Multitasking Woman - a lifestyle and parenting blog.She always has her fingers in many different pies but wouldn't have it any other way. Eva is a Mum to her 4-year-old son, 2 month old daughter, two chickens, one dog and a fish called Bob and a wife to Mr G. They all live happily in their little cottage on the outskirts of Brisbane.

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9 Comments

  1. March 29, 2016 / 10:47 am

    Hi Eva, We wouldnt be without our private health insurance either. Our two adult kids and their families are the same. We are all in the Teachers Health one which is a mutual fund and has seen us all, at various times, well-cared for and placed in hospitals and care facilities when we needed it. I know it is expensive and now we are pensioners it is even more so but it is about choice and we want that. We have been members since 1970…and our kids (and their kids) were eligible to join whether they were teachers or not. Good luck with continued good health too! Denyse #teamIBOT

  2. March 29, 2016 / 2:11 pm

    I wish our cover was going up by 5.6% instead of the whopping 17% increase a month we’ve been slugged with and the loss of even more services (even though we have top hospital and good extras cover) however I can’t look into changing until bub is born. As much as I hate paying out so much in insurance, it really is essential for us and has covered many of our expenses during our IVF and pregnancy birth journeys. The care I receive from our ob is first class and I know I would have fallen through the cracks or have been required to take a ‘wait and see’ approach if I went through the public system which may have likely resulted in one or both of our boys not being here with us. Just the other week I was looking at old statements and our insurer paid out a little over $170,000 for my pregnancy/births/hospital cover with Liam and Aiden so at least I know we are well ahead!

  3. March 29, 2016 / 4:35 pm

    I’m with you Eva, we’ll keep our health insurance even though the premium hikes hurt! It’s peace of mind, just in case.

  4. March 29, 2016 / 7:07 pm

    Private Health Insurance is definitely something on our must have list too. With 2 children, and another 2 on the way, it’s something I couldn’t be without. The price rises are really crappy, especially when our level of cover and included extras aren’t increasing with it!

  5. March 29, 2016 / 7:33 pm

    I agree. We have used our insurance so many times since the kids have been born – grommets, adenoids, tonsils, hubby has had 3 surgeries and I use extras all the time! We definitely couldn’t have paid for all of this from our own pockets. The rate hike hurts, but its a necessary expense in my opinion!

  6. April 4, 2016 / 3:52 pm

    My husband was questioning the cost of our private health insurance, and I get so frustrated at how much we pay for it, yet barely claim anything. Until I was taken to hospital a few weeks ago in an ambulance, and then got the bill of almost $1000 for the trip. Our private health insurance picked up the bill. In my mind, it just paid for itself. I won’t be getting rid of it!

  7. April 8, 2016 / 9:37 pm

    We are very fortunate that my husband’s work pays for our health insurance otherwise we would struggle to afford it. But we would find a way to do it for those just in case occurrences.

    • April 9, 2016 / 6:53 am

      That’s really good that they do that. I reckon anyone who has the opportunity to get on a corporate plan should.